Geco.one to launch IEO on LATOKEN & COINEAL

IEOs
offer investors a second chance to buy GEC after the private sale
allocation sold out!

The
Geco.one
platform continues to push forward at full speed. After a
successfully sold out private sale, Geco.one is delighted to announce
the launch of two initial exchange offerings (IEOs), giving investors
another chance to get their hands on highly sought-after GEC tokens.

The
fintech sector is continuing to embrace blockchain technology,
resulting in an unlimited flow of new arrivals from all industries.
This has dramatically accelerated global adoption of blockchain
technology by attracting capital, attention, and an ever-growing user
base to the sector. The potential user base for new releases is
growing; as a result, the technology is improving significantly –
with the most intuitive & user-friendly platforms coming to the
forefront. However, it is not the only the technology itself that is
improving rapidly – IEOs have also revolutionised the way token
sales are conducted in the space.

Many
investors have been burned in the past by scam ICOs running off with
funds, leaving them with no way of obtaining value for their tokens.
Now though, exchange-based token sales (IEOs) tend to come with an
immediate listing on the host exchange at the end of the IEO period.
Also, there is an expectation that reputable exchanges have done due
diligence on the projects they conduct IEOs with. IEOs have also
proven to increase traffic and volume on cryptocurrency exchanges as
well as streamlining the token sale experience for projects. A real
win-win scenario. Coming right off the back of a sold-out private
sale, Geco.one’s IEOs are expected to attract plenty of worldwide
interest.

Competitor
Analysis

The
Geco.one team took its time to analyse the market and competitors, in
order to provide a unique offering to its customers. Their result of
that research is a platform that combines the two best business
solutions currently available in the crypto market, and one brand new
solution migrated from FOREX – PAMM accounts.

The
first element is inspired by Bitmex’s excellently delivered &
executed offering of derivatives to the crypto market. The potential
of the cryptocurrency derivatives market is huge, and as an industry
we have yet to even scratch the surface of what is possible. Bitmex
alone turns over a hefty 5 Billion Dollars’ worth of derivatives
every 24 hours. Let’s take a look at the placement of the Geco.one
platform in the market.

A
second hugely important aspect of Geco.one’s fusion of tested
solutions is our token burning economy that sets a new trend in
cryptocurrency (like Binance token burning economy). Every time the
GEC token is used inside the platform, it will be permanently
destroyed, lowering the number of Gecoins daily. This approach is
intended to stimulate a steady growth in value for the GEC token.
(BNB gained 37,000% in value in just over two years).

It’s
worth mentioning that Geco.one did not set a limit to the number of
tokens that it plans to destroy, meaning that at some point 1 GEC
could be worth a small fortune surpassing top cryptocurrencies over
the coming years if demand increases at the same rate as supply
reduces. A third is the PAMM accounts system. Already tried and
tested in the FOREX market, Geco.one’s introduction of PAMM into
the cryptocurrency ecosystem is sure to attract a whole new stream of
investors and traders to the platform.

Geco.one’s
next-generation options menu has been refined to offer futures
trading, leverage, and both long/short positions from a single
platform; offering control, simplicity, and variety to the user.
Users will also be able to manage standard Limit orders.

Geco.one
will run IEO’s on LATOKEN and COINEAL simultaneously

In
years to come, 2019 may well be remembered as ‘the year of the
IEO’. After several successful IEOs run by other projects on a wide
array of platforms, Geco.one is delighted to present its IEO in
LATOKEN and COINEAL simultaneously.

Geco.one:
Designed for professional traders as well as for amateur and
professional investors.

Merchant
users (Trader):
‘Traders’ are account holders who operate transparently on the
platform. Their trades are monitored and statistics are collected
that reveal their trading success, as well as other important
performance details.

Investor
user:
Investor users represent the other pillar of our user base. They are
users who wish to invest in cryptocurrencies or tokens but lack the
experience or time to study the markets and decide on trades. Users
with an investor account will be able to access Trader statistics and
trade together. This feature of the platform has been called PAMM.

The
GEC (ERC-20) token, as a utility token, will be used within the
platform and the internal ecosystem. It can also be used as a method
of payment between individuals.

Gecoin
(GEC) IEO Details and Tokenomics

A
total supply of 200,000,000 tokens will be created, including the
amount allocated to the Token Sales. Maximum amount of GEC token in
circultion is set to 50,000,000 GEC at any given time. The tokens are
naturally deflationary as they will be burned when used on the
platform – constantly reducing the available supply.

The
GEC token will be available to purchase during the above mentioned
IEOs. Participants in the sales will be able to buy GEC using Bitcoin
(BTC) or Ethereum (ETH).

The
leading utility of GEC token is inside the platform ecosystem. One of
its features is a credit function that allows PAMM Managers to
utilise additional functions inside the platform, data integration,
leverage and pay transaction fees.

How
to buy GEC token through the COINEAL IEO

GEC
will be purchasable on COINEAL during the IEO with Bitcoin only. A
full list of the terms and conditions will be published on
Coineal.com.

The
first phase of the COINEAL IEO begins on July 1 and will last just 24
hours. Three million GEC tokens have been allocated to this phase,
and the configured spot price will be 5000 Satoshi (0.00005 BTC).

The
second phase of IEO on COINEAL consists of the same quantity of
tokens. However, the purchase price and the time frame will be
different. The acquisition time frame in Phase 2 will be 48 hours
uninterrupted, and the spot price will increase by 500 Satoshi
(reaching 0.000055 BTC per GEC). The participation period for Phase 2
is from July 5th to July 7th.

Phase
3 of the IEO will begin on day seven overlapping with Phase 2, ending
on July 14. For the third phase, the value per token will increase
again by 500 Satoshi, reaching a value of 0.00006 BTC/token. As an
incentive for participants, all three steps will be subject to a +3%
commission promotion. This means that for referring other
participants, you will receive 3% of their purchases.

How
to buy GEC token through the LATOKEN IEO

Those
wishing to buy GEC with Ethereum (ETH) can acquire them through
LATOKEN. In this case, the unit of account for the spot price is not
Bitcoin, but the dollar. However, the corresponding calculation will
be made for purchasers with Ethereum. The LATOKEN IEO will run
slightly differently to that of COINEAL in order to add more agility
to the project at the time of going to market. LATOKEN provides a
wide variety of trading pairs with ETH, and GEC will be one of them.
The key factors are detailed below.

The
LATOKEN IEO will run from 1 to 14 July, simultaneously with the
COINEAL IEO. The price is set at 0.55 USD at the time of writing; and
a maximum fundraising cap of $3,000,000 will apply. This maximum
fundraising cap comes with a high percentage already acquired- around
1.25 million dollars.

For a closer look at all the details of the project, we recommend reviewing the Whitepaper. You can find the official Geco.one website and project activity on social networks through the following official links.

Most Popular

Coinatory is the cryptocurrency, blockchain and mining news portal. Our vision is to provide our readers with the most important and interesting news of the crypto world and news about new coins that are constantly appearing. We provide market cryptocurrency price analysis, technical details of the upcoming and recent changes and events in crypto related sphere.

Privacy Settings

This site uses functional cookies and external scripts to improve your experience. Which major cookies and scripts are used and how they impact your visit is specified on the left.
Read more about it in Terms and Conditions, Privacy Policy and Cookies Policy.

NOTE: These settings will only apply to the browser and device you are currently using.

OneSignal

OneSignal owned or operated by OneSignal., a U.S. company. You can learn more about the privacy practices and policies of OneSignal by visiting their Privacy Policy page: https://onesignal.com/privacy_policy

OneSignal gives us the possibility to send you notifications when the latest news is published.

Coinatory Cookies

Our website stores cookies. uses cache, web storage and external scripts for the best performance and setting saving.
We also store third-party cookies that are used for the best performance of our cryptocurrency news website, advertisement targeting and etc. The main cookies are listed in that window. All of them are needed to make our website exist.
The full list of cookies that might be used by our system is listed in Terms and Conditions.
Please read our Terms and Conditions, Privacy Policy and Cookies Policy for more information.
Thank you for understanding.
By the way, you can easily delete the cookies or the whole web surf history in your browser setting.

Disqus

Disqus, Inc offers an online public comment sharing platform where you may login and create profiles to participate in conversations with peers and enjoy an interactive experience. Also Disqus provides web analytics service. You can learn more about the privacy practices and policies of Disqus by visiting their Privacy Policy page: https://help.disqus.com/terms-and-policies/disqus-privacy-policy

Disqus is the part of commenting system on our website.

Google AdSense & DoubleClick Cookie

Google, as a third party vendor, uses cookies to serve ads on our Service. Google's use of the DoubleClick cookie enables it and its partners to serve ads to our users based on their visit to our Service or other websites on the Internet. You may opt out of the use of the DoubleClick Cookie for interest-based advertising by visiting the Google Ads Settings web page: http://www.google.com/ads/preferences/

Google AdSense & DoubleClick Cookie helps us to make the website possible.

Google Analytics

Google Analytics is a web analytics service offered by Google that tracks and reports website traffic. Google uses the data collected to track and monitor the use of our Service. This data is shared with other Google services. Google may use the collected data to contextualize and personalize the ads of its own advertising network.You can opt-out of having made your activity on the Service available to Google Analytics by installing the Google Analytics opt-out browser add-on. The add-on prevents the Google Analytics JavaScript (ga.js, analytics.js, and dc.js) from sharing information with Google Analytics about visits activity.For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: https://policies.google.com/privacy?hl=en

Google Analytics helps us to improve the website performance.

Pinterest

Pinterest remarketing service is provided by Pinterest Inc. You can opt-out from Pinterest's interest-based ads by enabling the "Do Not Track" functionality of your web browser or by following Pinterest instructions: http://help.pinterest.com/en/articles/personalization-and-data You can learn more about the privacy practices and policies of Pinterest by visiting their Privacy Policy page: https://about.pinterest.com/en/privacy-policy

Pinterest helps us to improve Pinterest targeting and provide you with the best and actual news.

Reddit

Reddit remarketing service is provided by Reddit Inc. You can get more information here https://www.redditinc.com/policies/privacy-policy

Reddit helps us to improve Reddit targeting and provide you with the best and actual news.

Twitter

Twitter remarketing service is provided by Twitter Inc. You can opt-out from Twitter's interest-based ads by following their instructions: https://support.twitter.com/articles/20170405 You can learn more about the privacy practices and policies of Twitter by visiting their Privacy Policy page: https://twitter.com/privacy

Twitter helps us to improve Twitter targeting and provide you with the best and actual news.